Year: 2009

Government Bailout Hits $8.5 trillion

Kathleen Pender The San Francisco Chronicle November 26, 2008 The federal government committed an additional $800 billion to two new loan programs on Tuesday, bringing its cumulative commitment to financial rescue initiatives to a staggering $8.5 trillion, according to Bloomberg News. That sum represents almost 60 percent of the nation’s estimated gross domestic product. Given […]

More

Former Republican Senator Pete Domenici of New Mexico Has His Records Subpoenaed in David Iglesias, U.S. Attorneys Scandal

Ex-lawmaker’s records subpoenaed in firings probe Associated Press – February 11, 2009 WASHINGTON (AP) – A federal grand jury has subpoenaed records of former Republican Senator Pete Domenici of New Mexico. Career federal prosecutor Nora R. Dannehy is looking into whether former Attorney General Alberto Gonzales, other Bush administration officials or Republicans in Congress should […]

More

Judd Gregg Withdraws as Commerce Secretary Nominee

February 12, 2009, 4:25 pm By Jeff Zeleny THE CAUCUS BLOG – NEW YORK TIMES President Obama’s choice for Commerce Secretary, Senator Judd Gregg, withdrew his nomination on Thursday. He said there were “irresolvable conflicts” between him and the administration. “It has become apparent during this process that this will not work for me as […]

More

Stimulus: How to Know If It’s Working

February 11, 2009 BUSINESS WEEK Consumer confidence and job creation may be slow to emerge and hard to measure, but boosts in umemployment benefits and food stamps will be fast acting By Moira Herbst At his first prime-time press conference, President Obama was asked a central question about the $800 billion-plus economic stimulus package: How […]

More